International livestock product production and trade situation in May 2024

The article provides an overview of the recent trends in livestock production, trade, and pricing in major countries, with a focus on pork, poultry, beef, and lamb. It highlights increases in U.S. pork and beef production, along with rises in pork and mutton prices, and falls in poultry meat prices. It also notes a decrease in U.S. poultry exports and an increase in Brazilian poultry exports. For beef, there's a mentioned decrease in U.S. beef exports but increases in Brazilian and Australian beef exports. Additionally, it points out a slight rise in global dairy product prices in May, influenced by changes in whole milk powder prices in the United States, Oceania, and the European Union. The article anticipates a slight increase in meat prices in the second quarter due to a slight decrease in major producing countries' supply and stronger seasonal import demand in Asia for pork, and increased global demand for poultry meat despite avian influenza affecting production in Europe and the United States.

Production, trade and prices of livestock products in major countries (I) Pork Production: U.S. pork production turned from decline to increase. In April, U.S. pork production was 1.047 million tons, a year-on-year increase of 9.4%; from January to April, pork production was 4.251 million tons, a year-on-year increase of 2.4%. Trade: In April, pork exports from the United States and Brazil increased year-on-year. From January to April, U.S. pork exports were 1.115 million tons, a year-on-year increase of 9.3% (59,000 tons exported to China, a year-on-year decrease of 36.2%); Brazilian pork exports were 385,000 tons, a year-on-year increase of 3.1% (88,000 tons exported to China, a year-on-year decrease of 38.3%). Monthly change trend of U.S. pork exports from 2019 to 2024 Monthly change trend of Brazilian pork exports from 2019 to 2024 Price: U.S. pork prices have risen for four consecutive months and are at their highest level since the fourth quarter of last year In May, the ...